Valuation and Monetization Services for Obsolete Plant, Machinery, and Assets

The Orissa Mining Corporation (OMC), a State Government and UT entity, is inviting bids for the crucial service of Valuation and Monetization of Obsolete Plant, Machinery, and Other Assets of IDCOL Kalinga Iron Works Ltd. (IKIWL) of OMC. This Open Tender, with Tender Reference Number OMC/E-PROC/CP/033/2026-27 dated 19/08/2026, seeks qualified entities to undertake a comprehensive assessment and strategic sale of these assets. The critical dates for participation are as follows: document download and sale commences on 24th August 2026 at 02:00 PM and concludes on 8th October 2026 at 03:00 PM. Bid submissions will be accepted from 22nd September 2026 at 11:00 AM until the closing date of 08th October 2026 at 03:00 PM. The bid opening is scheduled for 08th October 2026 at 05:00 PM. A mandatory Earnest Money Deposit (EMD) of ₹2,50,000 is required, with exemptions permissible. The Tender Fee is ₹5,900. The work is anticipated to span a period of 365 days, and bids will have a validity of 180 days. Bidders are required to submit their proposals in two covers: Cover 1 for Fee/PreQual/Technical documents including PAN, GSTIN, and other details as per the Detailed Tender Conditions Notice (DTCN), and Cover 2 for the Price Bid. The Head (Contract and Procurement) at OMC Ltd., OMC House, Bhubaneswar, is the inviting authority. Further details regarding the scope of work, pre-bid meeting scheduled for 07th September 2026 at 03:30 PM (via VC), and submission requirements are available in the tender documents.